BEST TIME TO BUY CAR : DECEMBER 2024 or JANUARY 2025 ?

Summary

This video explains the decision-making process for buying a car in December 2024 versus January 2025. Key points include that cars manufactured in both months are identical unless a facelift is released, with the main difference being the pricing and discounts. December offers better deals due to stock clearance, and prices tend to increase in January. The video highlights how resale value is influenced by the manufacturing year, making December purchases advantageous for short-term buyers. It also provides tips on negotiating with dealers and getting the best deals during year-end and early-year sales.

Takeaways

• 😀 Cars manufactured in December 2024 and January 2025 will be identical in features, safety, and performance unless there is a facelift or new generation update.
• 😀 December offers better discounts due to year-end stock clearance, while January models might have fewer offers and potentially higher prices.
• 😀 The manufacturing year significantly impacts a car's resale value, and December cars will have lower resale value compared to January 2025 models.
• 😀 Car prices often increase in the new year (January onwards) by around 0.5% to 2%, making December a better time to buy in terms of pricing.
• 😀 If you plan to keep the car long-term (8-12 years), the manufacturing year is less critical, but for short-term ownership (3-5 years), the resale value of a newer car (2025) may matter more.
• 😀 Dealers may not clear all December 2024 stock by the end of the year; some cars may roll over into January, February, or even March 2025.
• 😀 You can negotiate better deals by visiting multiple dealerships and comparing offers to maximize discounts and benefits.
• 😀 Online quotes for insurance and finance can help you get better deals and avoid unnecessary add-ons like accessories that increase the cost of the car.
• 😀 Car manufacturers may raise prices in January, but end-of-year discounts and offers in December are more attractive for budget-conscious buyers.
• 😀 If you're eyeing a 2025 model, waiting until March might provide you with better discounts and deals, as manufacturers tend to offer promotions towards the end of the year.
• 😀 The resale value of a car depends on its manufacturing year, and while the 2025 model might seem appealing, its value in the used car market is determined by its manufacturing date and overall condition.

Q & A

What is the main difference between buying a car in December 2024 and January 2025?

The main difference is that in December 2024, there are better stock clearance offers and discounts due to year-end promotions. However, cars purchased in January 2025 might have higher prices, with fewer offers available.

Will the features, safety, and fuel efficiency change between the 2024 and 2025 models?

No, unless there is a planned facelift or upgrade, the features, safety specs, and fuel efficiency will remain exactly the same between the 2024 and 2025 models.

Why do car manufacturers offer discounts and stock clearance at the end of the year?

Car manufacturers offer discounts and stock clearance at the end of the year because the resale value of a car is determined by its manufacturing year. A 2024 car will be considered older than a 2025 car, so manufacturers provide offers to clear the stock before the new year.

What role does the manufacturing year play in determining the resale value of a car?

The manufacturing year plays a significant role in determining the resale value of a car. A car from 2024 will be considered older and have lower resale value compared to a car from 2025, even if both are in similar condition.

Is it better to buy a car with a short-term or long-term ownership plan?

If you plan to own the car for a short-term period (5 to 6 years), the manufacturing year matters more for resale value. For long-term ownership (8 to 10 years), the car's condition and maintenance history become more important than the manufacturing year.

What is the significance of the stock rollover from 2024 to 2025?

Even if you buy a 2024 model in early 2025, the car will be registered as a 2025 model. While this may seem like an advantage in terms of resale, the car will still be a 2024 model based on its manufacturing year.

How do car dealers handle inventory after the year-end?

Car dealers often carry over unsold 2024 inventory into 2025. This means that 2024 cars will still be available in early 2025, and customers may still have the opportunity to buy them with favorable discounts.

How do car manufacturers influence customers' purchasing decisions at year-end?

Car manufacturers influence purchasing decisions by offering better discounts in December and increasing prices in January. Additionally, the perceived value of a 2025 model can be higher, even though the car may be identical to a 2024 model.

What negotiation strategies can help get the best deal on a car during December?

To get the best deal in December, consider negotiating across multiple showrooms. By comparing offers, you can leverage competition and secure better discounts. Additionally, avoid unnecessary add-ons like accessories to keep the price lower.

When is the best time to buy a new car if you're looking for significant discounts?

The best time to buy a new car for significant discounts is at the end of the year, especially in December. This is when dealers offer clearance sales and manufacturers provide the best offers before the new year.